LiquidityBook to expand proprietary managed FIX network further across Europe

Rick Steves

According to LiquidityBook, more than 25% of LBX Connect destinations currently route to EMEA. Over 400 routing destinations are available in the region, with more than 1,600 total destinations available globally supporting equities, options, futures, FX, derivatives, swaps, and several other asset classes.

LiquidityBook has announced plans to make continued investments to significantly expand LBX Connect, the firm’s proprietary managed FIX network, across Europe.

The provider of cloud-native buy- and sell-side trading solutions made the announcement as part of its 2023 “EMEA in Focus” initiative, which commits to enhancing LiquidityBook’s suite of cutting-edge products in one of the firm’s fastest growing and highest potential regions.

LiquidityBook’s boots-on-the-ground approach to Europe has included several recent key hires in the region, including Sumit Kumar, Global Head of FIX Connectivity.

Sumir Kumar, an industry veteran with nearly two decades of financial services experience, has worked to build out LiquidityBook’s FIX team and enhance LBX Connect with streamlined processes, updated documentation, and a focus on extensibility to support more workflows.

LBX Connect features multi-asset capabilities, real-time risk controls, post-trade

Built around a flexible FIX gateway with multi-asset capabilities that include integrated, real-time risk controls, as well as post-trade capabilities supporting clearing and settlement, LBX Connect enables LiquidityBook clients to leverage robust normalization logic to support different versions of FIX, including support for a raft of broker algo suites.

LBX Connect’s flexible FIX layer can normalize any message and enhance or append any FIX tag, drop any tag and convert messages into any desired format.

The framework is also equipped with a suite of compliance and reporting tools and can support regulatory obligations such as MiFID II, among other functionalities, the firm stated.

400+ routing destinations available in EMEA

Stephanie Minister, Managing Director of Connectivity Services at LiquidityBook, commented: “The necessary foundational work Sumit and his team have done to streamline our onboarding and connectivity functions has served as a jumping off point for even greater innovation. Sumit has been instrumental in establishing our geographically distributed FIX Onboarding and Support team, who provide consistent, reliable, 24×5 coverage to our global client base. LiquidityBook has provided FIX connectivity services since our founding, and we have seen LBX Connect truly flourish under Sumit’s technical direction.”

Sumit Kumar, Global Head of FIX Connectivity at LiquidityBook, said: “To remain competitive, we understand that firms on all sides of the Street need truly flexible technology with industry-leading functionality. LBX Connect enables our clients to transact more efficiently and put a greater focus on innovation.”

According to LiquidityBook, more than 25% of LBX Connect destinations currently route to EMEA. Over 400 routing destinations are available in the region, with more than 1,600 total destinations available globally supporting equities, options, futures, FX, derivatives, swaps, and several other asset classes.

Over the course of the past year, LiquidityBook grew its suite of offerings, including via enhancements to its API capabilities and strategic agreements with Clearwater Analytics and numerous other leading providers. The company now intends to further hire in the EMEA region and globally.

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